Long Position on ISLE @ $20.10 on 11/10/2015 (Momentum)

Isle of Capri Casinos, Inc. (ISLE) develops, owns, and operates branded gaming facilities and related dining, lodging, and entertainment facilities in the United States.

The Company owns or operates around 15 gaming and entertainment facilities in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania. Collectively, these properties feature approximately 12,700 slot machines and over 300 table games (including approximately 80 poker tables) over 2,300 hotel rooms and around 45 restaurants.

It also operates a harness racing track at its casino in Florida. It operates under two brands: Isle and Lady Luck.

Isle-branded facilities are in larger markets whereas Lady Luck-branded facilities are in smaller markets. Its casino properties include Isle Casino Hotel-Black Hawk, Lady Luck Casino-Black Hawk, Pompano Park, Bettendorf, Marquette, Waterloo, Lake Charles, Lula, Natchez, Vicksburg, Boonville, Cape Girardeau, Caruthersville, Kansas City and Nemacolin. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $6.66 - $21.43

Entry Point: $20.10

Stop Loss: $19.00

Target Price: $22.20

Updates

12/2/2015 9:47:49 AM

ISLE closed at $17.00 after its fell below the stop loss.

Position closed on 12/2/2015 at price of $17.00 with a -15.42% loss in 22 days.

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